WHITE NELSON DIEHL EVANS LLP (3) -2016

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B. Auditing Standards to be followed The audits shall be performed in accordance with: • Auditing standards generally accepted in the United States of America as set forth by the American Institute of Certified Public Accountants; • The standards set forth for financial audits in the General Accounting Office's (GAO) Government Audit Standards (1994) issued by the Comptroller General of the United States; • The provisions of the Federal Single Audit Act as amended; • U.S. Office of Management and Budget (OMB) Circular A-133, Audits of State and Local Governments: • The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR 200); and • Other or new pronouncements or regulations in place now or in the future C. Reports to be issued • Comprehensive Annual Financial Report ("CAFR") — all funds including Fiduciary Funds, Successor Agency and Housing Authority Financial Report • Single Audit of Federal Grants and Other Financial Information • Air Quality Improvement Fund Audit Report • Report on the City's GANN Limit computation • City's Investment Policy Compliance Review • Annual on-line attestation of Financial Data Schedule (FDS) for the Santa Ana Housing Authority • Annual State Controller's Report • Agreed Upon Procedures Report (two annually), to review the City's internal control processes. The scope of review will include but not limited to the following: o Cash handling o Purchasing o Assist in the Development of an Internal Audit Department framework D. The auditor shall assist the City with the finalization of the CAFR. The audit timeline must take into consideration that the City submits the CAFR to the Government Finance Officers Association (GFOA) for review in their Certificate of Achievement for Excellence in Financial Reporting program. The City also requires a management letter containing comments and recommendations regarding the auditor's review and evaluation of the systems of internal control and accounting procedures. E. It is expected that the auditor will be available throughout the year for general consultation regarding matters of accounting. The auditor may be asked to provide guidance on implementation of new GASB and SAS requirements and provide expertise and recommendations regarding specific of Federal and State regulations as to how they may impact local government accounting. C